Netflix (NFLX)

Overall the week finished lower last week.  We closed out some solid gains in Netflix (NFLX) and (AMZN), while struggling with our trade in SDS for a small loss.  We saw a nice move out of TLT last week, which definitely helped matters, but our positions in SPXU and DIS hasn't done much to write

Technical Outlook: Biggest sell-off yesterday since March 8th, as price in one swoop dropped below the 5-day and 10-day moving averages.  Two key price levels to watch today – 1) The Friday lows from last week. 2) The lows from March 24th. Particularly, if the latter should break, it would put in a lower-low into

Technical Outlook: SPX pulled back yesterday to the 5-day moving average and bounced ever so slightly in the final 30 minutes of trading.  Today the market is looking at a significant sell-off to start the day.  It is important to remind yourself of what happened on Friday when the market sold off and the subsequent

Technical Outlook: The bullish strength of this market since mid-February was on full display Friday when the market gapped down significantly and pushed 16 points lower, bottomed within the first 30 minutes of trading and then rallied 29 points off of those lows throughout the remainder of the day.  To put it mildly, gap downs

3/31: Got out of NFLX yesterday as a precaution to a concerning price candle from the day's action. Today's price action has reversed that course so far and showing signs of rallying off of the 5 and 10-day moving averages. I am looking for the current breakout to continue here.

Technical Outlook: Gap up yesterday held on but not in an overly convincing manner on the SPY – finishing slightly lower than its opening price.  Volume trailed off from the day prior and is still well below recent averages.  Potential bull flag pattern forming on the SPY 30 minute chart.  Yesterday’s price action represented

Technical Outlook: SPX had a solid day yesterday following dovish remarks about future rate increases from Janet Yellen.  Her dovish outlook as it pertains to rate hikes has been, in large part, the reason for the massive rally off of the February lows.  Volume yesterday on the SPY was notably higher than recent days,

Any time you are trading on a roll, it is easy to start watching the dollars in the account.  For example, today, I bought into Amazon (AMZN) at $581, it is now at $594. I bought Netflix (NFLX) yesterday at $100.24 and now it is at $104. Not to mention Mead Johnson Nutrition

3/28: Holding strong to the 20-day moving average and breaking back above the 5 and 10-day moving average following a 4 day pullback in the stock. 200-day Moving average overhead has offered little support/resistance so isn't being considered in the context of this trade. Potential breakout target of $110-115. This stock is a strong breakout

The market is still trying to rally today, and up barely a smidge, and this is despite Facebook (FB), Amazon (AMZN), Netflix (NFLX), Google (GOOGL) and Apple (AAPL) being ghastly in the red today.  Internals are not that great either. Nothing great or trendy with the TICKS, VIX is